Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1887-09-13
misreLlaneous.
YOUNG NEW WORKERS.
MEN OF 30 DOING THE BUSINESS
OF THE METROPOLIS.
Youngsters Who Are Absolute SIonarchs
in the Domain of Finance, Politics,
Publishing and the Various Profess
sions-Some of the Successful Men.


Especial Correspondence
NEW YORK, Aug. 30.-"There he isl"
"Wherei don't see him."
@Why, the little fellow in the crowd OF
brokers to the right of that pillar"
@Oh, yes, see him now. So that is Eddie
Gouldp
"Yes that's Eddie Gould, and a smart one
he is, too. He has all the dash of his father
and the courage of a Napoleon. l predict
that he will make great name in the field OF
speculation before he is 80 years old"
This conversation took place one day this
week in the board room Of the Consolidated
Stock Exchange. Tie speakers were two
brokers, who in common with the rest OF the
world of finance, have been amazed at the
nerve of young Edward Gould, second son OF
Jay Gould. This youngster is not quite ~
years old, and yet he seems to know all about
the quicksands and quagmires OF speculation
For the past few weeks he has been famll-
lar figure on Broadway and in the Console
dated Stock exchange. He has operated like
a veteran and has made money, too. So sue
cessful has he been in stock speculation that
his bank account is said to stand a clean profit
of 100000 for his summers work. He
watches the stock ticker with feverish inter-
est. He knows what every move on the
checkerboard of finance means. He talks
eloquently and sensibly about dividends and
dividend paying roads He knows all the
sign posts on the devious road of speculation.
He is full Of ideas and youthful enthusiasm
and he doesn't hesitate to back his opinions
with his money. And yet he is only % years
old Some people seem to think that his
father, Jay Gould, supplies him with money
Al bod
Gould is on record as saying that he does
nothing of the kind. On the contrary, he is
opposed to his young son operating in stocks,
and would greatly prefer that he should go to
one Of the big colleges to finish his education.
Wall street men keep pretty close watch on
any new meteor that may shoot across its
golden horizon, and the brokers, for once, be-
leved Jay Gould; for several times the son
has stood up and sold his fathers pet stocks
by the armful and done his best to hammer
down the price. too, while he tucked the
profits snugly away in his ample pocket.
Upon first consideration it seems remarka-
bic that SO young man should stand Shout
der to shoulder with the giants of the old
guard of speculation; but upon second
thought it is not so strange. The truth is that
almost the entire trade of New York is in the
hands Of young men. Wall street is filled
with men not yet 30 years Old, who are
capable of transacting the most diff
cult business and solving the most
perplexing of commercial problems Look in
the board room of the Stock Exchange any
day you please, and you will be astonished to
see dozens of young men, representing the
oldest and most solid houses, buying and sell
ing stocks by the thousand shares, while they
yell like Comanche Indians at a dog feast.
One must have good lungs as well as brains
TO buy and sell stocks. Wells and boots and
cat calls are part of the successful brokers'
stock in trade. Nearly all the good positions
are filed by young men. The enormous
banking business of the city is in the hands of
mon in the noghborhood of so years of
age. OF course, there are gray heads here
and there in all the banking houses and
brokers' offices. They act like air brakes on
the young men, but, as a rule, they have
little to do. They are like the soldiers of the
Old Guard; they are on hand to fight only
when the canister of the enemy has moved
the youngsters down.
In other branches of trade the young men
have the call. The great dry goods business
of this city is conducted by men of so years
Of age. The jewelry trade is monopolzed in
the same way. The clothing trade, the boot
papers, hotels and even the public offices are
to II very large extent controlled by men of
about 80 years of age.
Let me tell you who some of these Young
fellows are.
Paul Dana is editor of The Sun during his
fathers absence in Europe He is not vet 80
years old. Yet he conducts the business of
the great newspaper as carefully as man of
So He writes great deal for the paper is
full of youthful vigor and mature ideas, and
he makes himself felt from cellar to roof in
The Sun office. Nor is it a necessity for him
to work hard. He is happily married, has an
income of $4,000 year, and might, if he so
desired, devote himself to pleasure. Instead,
he prefers work, and there is no more faithful
and pains alIing journalist in newspaper row
than Paul Dana.
Gilbert Jones, son of the owner of The New
York Times, is another very young man who
might live life of ease if he so desired But
he prefers work, and hard work, too. His
talents do not run to writing or keeping
books but to machinery. He may be seen
any day in "a pair of dirty overalls in the
press room of The Times watching the presses
work and helping here and there as faithfully
as a day laborer. Young Mr.. Jones has an
inventive faculty. and The Times press room
contains many evidences of his superior skill.
He is not bit conceited. although he will
some day be the owner of that great news
paper. He goes about his work in a quiet,
transformations way, and no one to look at
him would suppose that he amounted to a
row of pins Yet his patents are worth a
small fortune in themselves, and he could
draw his check for $4,000 without the
slightest trouble
George J. Gould, the eldest son of the great
fnancier, is - years of age. He is vice pres
ident Of the Missouri Pacific railroad. an i'm
portant officer III the Western Union Tele-
graph company, and is rated as one of the
shrewdeSt young men in Wall street.
John a. Mason, deputy collector of the
port, is 50 years old He is the secretary of
the civil service examining board of the Gus
tom house, and is an authority upon all Ques-
tons relating 10 customs duties.
E B. Dunn is the officer in charge of the
signal service bureau here. He is lust so
years of age ard is one of the best meteorolo-
gists in the country.
Henry s. Ives, who has suddenly become
notorious by his dealings with Robert Gar
rett, his effort to get control of the Baltimore
and Ohio railroad and his failure for mil
lions, is not 81 He looks even younger
His face is beardless, and a stranger going
into his Office would take him for young
and INDECENT clerk, instead of bold and
dashing operator, able to masc and lose mill
ions without losing wink of sleep. He is
one of the most remarkable men seen in Wall
street in many day.
The manager of the Coffee EXCHANGE il